United Bank for Africa (UBA) Plc has released its audited financial results for the full year ended December 31, 2024, showcasing significant improvements across key financial metrics.
Key Highlights:
- Profit After Tax (PAT): Up 26.14% to N766.6 billion, from N607.7 billion in 2023.
- Gross Earnings: Grew 53.6% to N3.19 trillion, from N2.08 trillion in 2023.
- Total Assets: Rose 46.8% to N30.4 trillion, from N20.65 trillion in 2023.
- Profit Before Tax (PBT): Increased 6.1% to N803.72 billion, from N757.68 billion in 2023.
- Shareholders' Funds: Grew 68.39% to N3.42 trillion, from N2.03 trillion in 2023.
Dividend Payout:
The bank has proposed a final dividend of N3 for every ordinary share of 50 kobo, bringing the total dividend for the year to N5, subject to shareholder ratification at the upcoming Annual General Meeting (AGM).
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